Energy Efficiency Trust for $70 million

A bill is being prepared in El Salvador to reduce energy consumption in public entities, through replacement of equipment and new infrastructure.

Tuesday, November 7, 2017

At the beginning of next year, the Salvadoran Energy Council will be presenting a bill to the National Assembly, which will represent an investment of $70 million. 

Elmundo.sv reports that "...In 2015, a feasibility study was carried out with the Inter-American Development Bank (IDB) and the Japanese International Cooperation Agency (JICA) to create this trust, which is expected to reduce energy consumption in public institutions through means of replacing equipment and infrastructure with things that are more environmentally friendly and which have less power consumption."

"... This proposal contemplates a source of financing through a concessional loan with the IDB or JICA, donations and acquisitions of other loans. The money will be administered by the Development Bank of El Salvador (Bandesal)."

If the initiative prospers, the resources would go towards purchasing air conditioning equipment, lighting devices, and street lighting, among other things.

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need more information about your business sector?

Request more information:









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

El Salvador: $20 million for Energy efficiency

July 2018

The Inter-American Development Bank has granted a loan that will be used to finance energy efficiency projects for small and medium-sized companies.

The funds for this loan come from the Green Climate Fund (GCF) and will be executed by the Development Bank of El Salvador (BANDESAL).  The objective of the financing granted is to support the efforts being made by SMEs in El Salvador to reduce electricity consumption and limit greenhouse gas emissions, reported the Inter-American Development Bank (IDB). 

Nicaragua Wants "Competitive Energy"

October 2014

In the view of entrepreneurs it is not enough to change the energy mix towards the renewable sources and they are proposing a long term strategy in order to compete in the region.

A proposal to create a long-term policy between business and government "..." where the private sector makes a commitment to invest in renewable energy and this energy somehow, goes to those great industries that generate employment in the country, such as the free zone ', said César Zamora, country manager of the energy company IC Power .

Loans for Energy Saving Projects

March 2012

The Development Bank of El Salvador has a credit line for replacing equipment with more efficient technology in terms of energy consumption.

The Development Bank of El Salvador (BANDESAL) has $17 million available in a credit line to grant to companies who opt to renew their equipment and use technologies which lead to energy savings.

$1.2 million for Guatemala and El Salvador for electricity projects

November 2008

The IDB granted $660,000 to El Salvador and $600,000 to Guatemala to be managed by the Sustainable Energy and Climate Change Fund Initiative (Secci).

The Government of Guatemala will invest this money to develop an Integral Energy Efficiency Plan to reduce consumption and improve the use of electric energy in the country.

ok